9
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$224,900
Est. payment /mo
1 Bed
1 Bath
529 SqFt
Active
2554 Olive Drive #123 Palmdale, CA 93550
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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 529 sqft
Price per Sqft $425
MLS Listing ID CRSR25021742
Bedrooms 1
Full Baths 1
HOA Fees $360/mo
HOA Y/N Yes
Year Built 1988
Lot Size 4.854 Acres
Acres 4.8537
Property Sub-Type Condominium
Property Description
Turnkey investment opportunity! This 1+1 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $1,695 per month. The tenant has lived in the unit since 2020 and is current on the rent. The rent has been raised over the years, and this provides a great opportunity for an investor to purchase a rental with the tenant already in place at market value. This condo is on the 2nd floor and has a nice floorplan, along with a large balcony off the living room. It also has in-unit washer/dryer connections. The Monte Vista condo community is gated and well-managed, with amenities such as community pools, clubhouse, and on-site security. The HOA covers water and trash service, as well. This condo is well-suited to an investor looking for a rental that provides immediate cash-flow at a low price, without having to hassle with move-in repairs or the leasing process. Don't miss out!
Location
State CA
County Los Angeles
Zoning PDRP
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Private Pool false
Building
Story 1
Water Other
Level or Stories One Story
New Construction No
Schools
School District Antelope Valley Union High
Others
Tax ID 3053053402
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Mark Mestepey • Castlestone Properties, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289